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178.280 Research Methods in Financial Economics. Lecture 1: Introduction. Introduction. Nobody likes a math geek, Scully Mulder (The X Files, 1993). 178.280 Outline. Introduction Administration (labs, tutorials) Assessment Procedures Learning Objectives Statistical Concepts.
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178.280 Research Methods in Financial Economics Lecture 1: Introduction
Introduction • Nobody likes a math geek, Scully • Mulder (The X Files, 1993)
178.280 Outline • Introduction • Administration (labs, tutorials) • Assessment Procedures • Learning Objectives • Statistical Concepts
Lab Times Tutorial Times Course Material Labs will begin in Week 2. You need your student ID, a floppy disk (or preferrably a USB flash-drive) Tutorials will begin in Week 2 Administration
You must sign up to one lab. If there is no space, see me. Do not add your name to a full lab. Your user-name is student ID Your password is your 4-digit pin number 178.280 files are on Web CT. We will use Eviews (not Shazam) This can be run in the labs. It also comes with textbook. Computer Labs
There will be 3 Tests during the course Test 1 (20%) in Week 4 Test 2 (20%) in Week 8 Test 3 (30%) in Week 12 One Assignment This will be due October 20. It will be worth 30% of your final grade. Assessment
Learning Objectives • Develop your skills at estimating economic relationships. • This cannot be memorised from a textbook or lectures. • The textbook, tutorials and lectures are to assist and guide you.
Studenmund • We believe that econometrics is best learned by doing, not by reading books, listening to lectures, or taking tests…learning the art of economerics has more in common with learning to fly a plane or learning to play golf than it does with learning about history or literature.
How to Pass • Most people do pass. • Do all the labs. • Come to all the lectures • Work steadily- not in pulses. • Read material beforehand • Ask questions- before you get behind!
Eviews Preview • Eviews is a popular (and powerful) econometric package. • It is the most widely used software for post-graduate research in the Department of Commerce. • It is (largely) menu-driven and quick to learn.
Dependent Variable Explanatory Variable Constant
Reading Assignment • Halcoussis- Chapter 1 An Introduction to Ordinary Least Squares